Block Warehouse with Concrete
For Sale
$599,000
6439 RESTLAWN Drive, Jacksonville, FL 32208
Commercial Sale, Jacksonville, FL
Property Size7,000 SF
Lot Size0.30 Acres
Price / SF$86.44
Days on Market419
Property Features for 6439 RESTLAWN Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Lot features
Cleared, Wooded
Directions
From I-95 North to Edgewood Ave exit. Take Edgewood to Moncrief Rd turn Right then next Right on Restlawn Dr. Property on the Right
Subdivision
075-Trout River/College Park/Ribault Manor
Standard status
Active
APN
0257070010
Size
6,930 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2351
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1963
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Composition
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
EARL FIELDS · License #0654667
(904) 568-5367
Added: Jul 29, 2025
Changed: Sep 12
Last Checked: Sep 20 at 9:06AM
MLS# 2103797
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6,930-square-foot warehouse occupies a 0.3-acre parcel in a block-built structure completed in 1963. Concrete flooring, a composition roof, and three bathrooms support a range of industrial and storage-oriented operations. The property is classified CCG-2 and has electricity available, along with public water and public sewer service.
The site provides access to Lem Turner and I-95, connecting the property to established transportation routes in Jacksonville. Its combination of warehouse area, durable construction materials, and commercial zoning creates a functional base for distribution, storage, and other industrial operations supported by the existing improvements.
The site provides access to Lem Turner and I-95, connecting the property to established transportation routes in Jacksonville. Its combination of warehouse area, durable construction materials, and commercial zoning creates a functional base for distribution, storage, and other industrial operations supported by the existing improvements.
Key Highlights
- 6,930‑square‑foot warehouse on a 0.3‑acre parcel
- CCG‑2 zoning
- Block construction completed in 1963
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,759
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$935,180
$935.2K
Cap Rate 7%
$667,986
$668.0K
Cap Rate 9%
$519,544
$519.5K
Market Conditions
NOI Build-Up for 6,930 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.2K $8.40/SF
− Vacancy
−$3.2K −$0.46/SF
EGI
$55.0K $7.94/SF
− OpEx
−$8.3K −$1.19/SF
NOI
$46.8K $6.75/SF
Area
Jacksonville, FL
Vacancy
5.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$935,180
Cap Rate 7%
$667,986
Cap Rate 9%
$519,544
Alternative Uses
Best Use
Warehouse
$668.0K
$584.5K – $779.3K
NOI $46,759 @ 7.0% cap · market cap 7.81%
Second Best
Industrial
$550.1K
$481.3K – $641.8K
NOI $38,507 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,890 @ 7.0% cap · market cap 22.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32208, FL
33,286
Population
15,218
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
84%
High-School Grad
11.5 sq mi
ZIP Area
2,894
Density / Sq Mi
$39,873
Median Household Income
$31,845
Median Earnings
$1,180
Median Rent
$139,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
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Similar Off Market Nearby
- Self-Storage at U-Haul — 1651 Edgewood Ave W, Jacksonville, FL 32208
Frequently Asked Questions
What type of property is this?
Warehouse - CCG-2-zoned warehouse with electricity, public water, and public sewer.
Where is this warehouse located?
The property is located at 6439 RESTLAWN Drive Jacksonville, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 6,930‑square‑foot warehouse on a 0.3‑acre parcel; CCG‑2 zoning; Block construction completed in 1963
